Small Owner Repair Program (SORP)

The New York City Department of Housing Preservation and Development’s (HPD) Small Owner Repair Program (SORP) provided funding for limited systems replacement and other repairs in privately-owned multi-family properties. Repair work funded through the program addressed specific critical issues, such as the replacement of faulty plumbing, as opposed to general rehabilitation. SORP provided a 10-year forgivable loan of up to $10,000 per dwelling unit for buildings of four to 20 units. In exchange for the loan, owners entered into a 10-year regulatory agreement with the City to ensure the financial viability, physical upkeep, and continued affordability of participating buildings.

Program Information

• Scale: Small Scale (between 1 and 999 units)
• Timeframe: 2010 - 2014
• Occupancy Tenure: Rental
• Construction Type: Rehabilitation
• Building Type: Multi-family
• Developer/Owners: Non-profit, For-profit
• Income: Low-income